Pacific Ethanol (PEIX) Earning Somewhat Favorable Media Coverage, Study Shows

News headlines about Pacific Ethanol (NASDAQ:PEIX) have trended somewhat positive on Wednesday, according to Accern Sentiment. Accern rates the sentiment of news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Pacific Ethanol earned a media sentiment score of 0.07 on Accern’s scale. Accern also assigned headlines about the oil and gas company an impact score of 46.8226853043727 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

These are some of the headlines that may have impacted Accern’s scoring:

Pacific Ethanol (NASDAQ PEIX) traded down $0.05 during trading hours on Wednesday, reaching $3.62. The company had a trading volume of 185,859 shares, compared to its average volume of 358,598. The firm has a market capitalization of $182.54, a P/E ratio of -4.19 and a beta of 1.79. Pacific Ethanol has a fifty-two week low of $3.10 and a fifty-two week high of $7.57. The company has a quick ratio of 1.53, a current ratio of 2.30 and a debt-to-equity ratio of 0.56.

Pacific Ethanol (NASDAQ:PEIX) last posted its quarterly earnings results on Wednesday, February 28th. The oil and gas company reported ($0.32) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.11) by ($0.21). The firm had revenue of $395.27 million during the quarter, compared to analyst estimates of $418.84 million. Pacific Ethanol had a negative return on equity of 8.75% and a negative net margin of 2.14%. The firm’s revenue for the quarter was down 10.5% on a year-over-year basis. During the same quarter last year, the business posted $0.30 earnings per share. analysts expect that Pacific Ethanol will post -0.49 earnings per share for the current fiscal year.

Several analysts have recently weighed in on the company. ValuEngine downgraded Pacific Ethanol from a “sell” rating to a “strong sell” rating in a research note on Thursday, March 1st. Zacks Investment Research downgraded Pacific Ethanol from a “buy” rating to a “hold” rating in a research note on Thursday, January 11th. B. Riley set a $7.00 target price on Pacific Ethanol and gave the company a “buy” rating in a research note on Monday, March 5th. Finally, HC Wainwright set a $14.00 target price on Pacific Ethanol and gave the company a “buy” rating in a research note on Friday, March 2nd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company’s stock. Pacific Ethanol has an average rating of “Buy” and a consensus price target of $10.20.

In other news, CEO Neil M. Koehler purchased 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 8th. The stock was acquired at an average cost of $3.20 per share, for a total transaction of $96,000.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Larry D. Layne purchased 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 6th. The stock was purchased at an average price of $3.70 per share, with a total value of $37,000.00. The disclosure for this purchase can be found here. Insiders purchased 49,500 shares of company stock valued at $163,550 over the last quarter. Insiders own 3.87% of the company’s stock.

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About Pacific Ethanol

Pacific Ethanol, Inc (Pacific Ethanol) is a marketer and producer of low-carbon renewable fuels in the Western United States. Pacific Ethanol markets all the ethanol produced by four ethanol production facilities located in California, Idaho and Oregon, or the Pacific Ethanol Plants, all the ethanol produced by three other ethanol producers in the Western United States and ethanol purchased from other third-party suppliers throughout the United States.

Insider Buying and Selling by Quarter for Pacific Ethanol (NASDAQ:PEIX)

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